Healthpeak Properties (NYSE:DOC) Updates FY24 Earnings Guidance

Healthpeak Properties (NYSE:DOC) updated its FY24 earnings guidance on Monday. The company provided EPS guidance of $1.80-$1.82 for the period, compared to the consensus EPS estimate of $1.80.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on DOC shares. Scotiabank upped their price objective on Healthpeak Properties from $23.00 to $24.00 and gave the stock a “sector outperform” rating in a research report on Monday, September 9th. Royal Bank of Canada boosted their price target on Healthpeak Properties from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Healthpeak Properties in a report on Tuesday, October 1st. Citigroup increased their target price on shares of Healthpeak Properties from $20.00 to $22.00 and gave the stock a “neutral” rating in a research report on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft upgraded Healthpeak Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $28.00 in a report on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $22.86.

Healthpeak Properties Trading Up 0.0 %

DOC traded up $0.01 during midday trading on Monday, hitting $20.87. 5,004,884 shares of the company were exchanged, compared to its average volume of 5,741,760. Healthpeak Properties has a 1-year low of $16.01 and a 1-year high of $23.26. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm’s 50 day moving average price is $22.26 and its 200-day moving average price is $21.08. The firm has a market capitalization of $14.60 billion, a P/E ratio of 44.38, a P/E/G ratio of 2.32 and a beta of 1.13.

Healthpeak Properties (NYSE:DOC) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.32). Healthpeak Properties had a return on equity of 3.53% and a net margin of 12.10%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $682.51 million. During the same period in the prior year, the firm earned $0.45 earnings per share. Healthpeak Properties’s revenue was up 25.9% compared to the same quarter last year. As a group, equities analysts forecast that Healthpeak Properties will post 1.8 EPS for the current fiscal year.

Healthpeak Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 4th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.20 dividend on an annualized basis and a yield of 5.75%. Healthpeak Properties’s dividend payout ratio is currently 255.32%.

Healthpeak Properties Company Profile

Healthpeak Properties, Inc is a fully integrated real estate investment trust (REIT) and S&P 500 company. Healthpeak owns, operates, and develops high-quality real estate for healthcare discovery and delivery.